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UBER

Uber

$39.82

0.065 (0.16%)

12:40
05/31/19
05/31
12:40
05/31/19
12:40

Call buyer hits the gas in Uber post earnings

Call buyer hits the gas in Uber post earnings. Shares nearly unch'd near $39.81 after results (and making yesterday's 40 strike straddle seller for $2.71 look like a hero), with 100K contracts trading by midday and calls leading puts 5:4. 50% of today's flow expires this afternoon, while two recent trades express a bullish view, including a buyer of 1285 June 7th 44 calls for 20c, possibly closing a 50c sale made yesterday, and a buy of 1250 June 7th 42 calls for 50c, opening.

UBER Uber
$39.82

0.065 (0.16%)

05/31/19
ATLE
05/31/19
UPGRADE
Target $52
ATLE
Overweight
Atlantic upgrades Uber on 'increasingly benign' competitive environment
Atlantic Equities analyst James Cordwell upgraded Uber Technologies to Overweight from Neutral while lowering his price target for the shares to $52 from $55. The stock closed yesterday down 14c to $39.80. The ridehailing competitive environment is becoming "increasingly benign" while Uber shares have become more attractively valued, Cordwell tells investors in a research note. The analyst expects a better competitive environment to drive accelerating revenue growth and moderating segment losses across fiscal 2019. Further, a new Uber Eats fee structure should augment the company's food delivery economics while enabling "rapid" bookings growth, Cordwell tells investors in a research note.
05/31/19
WEDB
05/31/19
NO CHANGE
Target $65
WEDB
Outperform
Uber's Q1 'an important step,' says Wedbush
Wedbush analyst Ygal Arounian reiterated an Outperform rating and $65 price target on Uber following the comany's Q1 results, saying the report was an "important step" for the company as investors needed a bridge between near-term headwinds and the long-term vision working. Additionally, Arounian says he feels that the results addressed many concerns investors had been seeking clarity on, despite not giving revenue or EBITDA guidance for the full year.
05/31/19
DADA
05/31/19
NO CHANGE
Target $46
DADA
Neutral
Uber price target lowered to $46 from $53 at DA Davidson
DA Davidson analyst Tom White lowered his price target on Uber (UBER) to $46 and kept his Neutral rating after its Q1 results revealed "few surprises". The analyst notes that although the management was more positive on moderating competition, as Uber and Lyft (LYFT) start to compete "more around brand and product" rather than price, he does not expect major changes in the buy-side estimates on the stock. White notes that his new price target assumes a "more conservative" 4.1-time multiple on enterprise value relative to his expected FY20 sales.
05/31/19
05/31/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Canada Goose (GOOS) upgraded to Buy from Neutral at Goldman Sach with analyst Alexandra Walvis saying she believes the company's fundamentals are "still strong" and the weakness in Q4 was driven in part by strategic changes. 2. Kraft Heinz (KHC) upgraded to Neutral from Underweight at Piper Jaffray with analyst Michael Lavery saying he believes the risks appear to be reflected in the stock's current valuation. 3. Molina Healthcare (MOH) upgraded to Outperform from Market Perform at Wells Fargo with analyst Peter Costa saying management highlighted the long-term sustainability of margins and growth at analyst day, which he thinks should be attainable if Molina can avoid losing ground in upcoming contract rebids. 4. Uber (UBER) upgraded to Overweight from Neutral at Atlantic Equities with analyst James Cordwell saying the ridehailing competitive environment is becoming "increasingly benign" while Uber shares have become more attractively valued. 5. Century Communities (CCS) upgraded to Outperform from Neutral at Wedbush with analyst Jay McCanless saying that based on the firm's recent management meetings, he estimates 85% of the company's collective business is targeted to affordable price points suggesting the company should be well positioned to meet that demand. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

04:15
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GLOG

GasLog

$13.13

-0.23 (-1.72%)

, GLOP

GasLog Partners

$21.12

-0.37 (-1.72%)

23:10
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Upgrade
GasLog, GasLog Partners rating change at Stifel »

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GLOG

GasLog

$13.13

-0.23 (-1.72%)

GLOP

GasLog Partners

$21.12

-0.37 (-1.72%)

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GLOP

GasLog Partners

$21.12

-0.37 (-1.72%)

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GasLog

$13.13

-0.23 (-1.72%)

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GasLog Partners, GasLog rating change at Stifel »

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GasLog Partners

$21.12

-0.37 (-1.72%)

GLOG

GasLog

$13.13

-0.23 (-1.72%)

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K

Kellogg

$55.76

0.13 (0.23%)

20:40
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Kellogg rating change at Consumer Edge »

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KRYS

Krystal Biotech

$41.15

11.87 (40.54%)

20:39
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Syndicate
Krystal Biotech 2.5M share Spot Secondary priced at $40.00 »

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FDS

FactSet

$293.20

-4.89 (-1.64%)

, LEN

Lennar

$51.41

0.09 (0.18%)

20:25
06/24/19
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Earnings
Notable companies reporting before tomorrow's open »

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FDS

FactSet

$293.20

-4.89 (-1.64%)

LEN

Lennar

$51.41

0.09 (0.18%)

03/08/13
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GNFT

Genfit

$20.19

-0.02 (-0.10%)

, GMDA

Gamida Cell

$7.21

-0.23 (-3.09%)

19:33
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Hot Stocks
Fly Intel: After Hours Movers »

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GNFT

Genfit

$20.19

-0.02 (-0.10%)

GMDA

Gamida Cell

$7.21

-0.23 (-3.09%)

03/08/13
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  • 27

    Jun

CGC

Canopy Growth

$40.51

0.31 (0.77%)

19:20
06/24/19
06/24
19:20
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19:20
Periodicals
Canopy Growth CEO says done buying other producers, Reuters says »

Canopy Growth CEO Bruce…

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AWK

American Water

$118.43

0.4 (0.34%)

19:18
06/24/19
06/24
19:18
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19:18
Hot Stocks
Illinois American Water investing over $1.8M in Farmington Water System »

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LMT

Lockheed Martin

$359.98

0.555 (0.15%)

19:14
06/24/19
06/24
19:14
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Periodicals
U.K.'s new F35 stealth aircraft used on operations, Telegraph says »

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GILD

Gilead

$68.86

-0.53 (-0.76%)

19:01
06/24/19
06/24
19:01
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Hot Stocks
Gilead, Carna Biosciences announce research and development collaboration »

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BA

Boeing

$374.10

2.14 (0.58%)

18:59
06/24/19
06/24
18:59
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18:59
Hot Stocks
Boeing CEO approves quarterly dividend »

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  • 09

    Jul

GOOG

Alphabet

$1,115.75

-6.63 (-0.59%)

, GOOGL

Alphabet Class A

$1,117.00

-8.17 (-0.73%)

18:09
06/24/19
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Periodicals
Google tells workers Pride protests are against code of conduct, Verge says »

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GOOG

Alphabet

$1,115.75

-6.63 (-0.59%)

GOOGL

Alphabet Class A

$1,117.00

-8.17 (-0.73%)

03/08/13
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  • 09

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AAPL

Apple

$198.60

-0.17 (-0.09%)

17:53
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Apple to add 2,000 employees in Seattle over next 5 years »

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WMT

Walmart

$111.25

0.08 (0.07%)

, FB

Facebook

$192.56

1.4 (0.73%)

17:51
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Periodicals
Walmart in Mexico rolls out grocery delivery via WhatsApp, Reuters says »

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WMT

Walmart

$111.25

0.08 (0.07%)

FB

Facebook

$192.56

1.4 (0.73%)

03/08/13
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  • 10

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CAT

Caterpillar

$134.37

0.43 (0.32%)

17:46
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FBK

FB Financial

$35.14

0.06 (0.17%)

17:45
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FB Financial provides update on its exit of wholesale mortgage channels »

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FLR

Fluor

$31.11

-0.99 (-3.08%)

17:44
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ERYP

Erytech Pharma

$6.69

(0.00%)

17:33
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Erytech Pharma announces strategic collaboration with SQZ Biotechnologies »

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LMT

Lockheed Martin

$359.98

0.555 (0.15%)

17:33
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MDCO

The Medicines Co.

$35.38

-1.01 (-2.78%)

17:30
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17:30
Syndicate
The Medicines Co. files to sell $150M of common stock »

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MHTLY

Metcash

$0.00

(0.00%)

17:30
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06/24
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17:30
Downgrade
Metcash rating change at Goldman Sachs »

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MKTX

MarketAxess

$332.76

-0.24 (-0.07%)

, LLL

L3 Technologies

$256.30

(0.00%)

17:28
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S&P announces changes to S&P 400, 500, 600 indices »

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MarketAxess

$332.76

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LLL

L3 Technologies

$256.30

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AAXN

Axon

$73.22

-0.12 (-0.16%)

MLAB

Mesa Labs

$227.44

-3.4 (-1.47%)

HRS

Harris

$197.28

-0.07 (-0.04%)

USNA

Usana

$72.41

-0.58 (-0.79%)

LION

Fidelity Southern

$30.18

-0.06 (-0.20%)

ABCB

Ameris Bancorp

$37.76

(0.00%)

XNCR

Xencor

$33.86

-1.31 (-3.72%)

HF

HFF Inc.

$45.25

-0.29 (-0.64%)

JLL

Jones Lang LaSalle

$137.43

-2.075 (-1.49%)

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